Martin v. Schindley

Hunstein, Justice.

Susan Martin and Alan Schindley, formerly wife and husband, are the record owners of certain real property. The parties’ settlement agreement, incorporated in the divorce decree, divided their equity in the property and further provided that

[t]wo years from the date this Agreement is signed [May 5, 1989] . . ., [Schindley] shall have the option to buy [Martin’s] interest [in the property] for the sum of $8,066.10. Exercise of said option should be by notice to [Martin] . . . within 60 days of the date the option period begins ....

On July 2, 1991, Schindley filed a petition…